Southern Pacific Mortgage Limited (SPML) has launched a full online mortgage application (FMA).
The FMA is the latest offering from its electronic trading platform and is available to members of IFA networks which have SPML on their lender panel, as well as all of SPML’s packagers.
The application form is pre-populated with the customer details keyed in by intermediaries at the online decision in principle (dip) stage and can be stored, retrieved and changed as the application progresses.
This new application form replaces the previous version of the online application form which was only partially completed from 'agreement in principle' and 'dip' data.
Network members submitting “broker direct” applications can submit the FMA electronically via the SPML website, which the lender says will allow the case to be progressed in advance of the signed paper application being received by post.
Packagers which deal direct with applicants and brokers submitting cases via packagers can print off the fully completed application form for signature and onward packaging/ processing.
John Prust, sales and marketing director of SPML, says he is confident the new platform will be welcomed. “SPML is committed to an ongoing programme of online developments to make life easier for packagers and brokers, helping them to deliver a fast and efficient service to their customers,” he adds.
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